PHILADELPHIA, Nov. 12, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is conducting an investigation into Chart Industries, Inc. (NYSE: GTLS) (“Chart”) on behalf of the Company’s investors.
On November 9, 2022, Chart announced that it had reached an agreement to acquire Howden from affiliates of KPS Capital Partners, LP. According to the announcement, the $4.4 billion purchase price “will be funded through a mix of cash and shares of a newly created preferred stock class, which could account for approximately $1.1 billion of the purchase price.” Following the announcement of the proposed transaction, Chart’s shares fell $85.16 per share, or over 35%, on heavy trading volume to close at $154.31 on November 9, 2022.
The investigation aims to determine whether the structured transaction is fair to Chart and its shareholders and whether the Company’s shareholders will receive all material information necessary to evaluate and vote on the proposed transaction.
Chart shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229-0750 or by email ([email protected]) or online at https://kaskelalaw.com/cases/chart-industries-inc/for more information about this investigation and your legal rights and choices.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com. This notice may constitute attorney solicitation in certain jurisdictions.
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
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